What Is TRON/TRX?
TRX is a cryptocurrency that runs on the TRON blockchain.
2021 has been an explosive year for the cryptocurrency markets, and as a result, Crypto Casinos are gaining more legitimacy. The reasons for this are numerous, including the appeal of privacy, fast transaction times, and the decentralized nature of cryptocurrency as a medium of exchange and entertainment.
So many online casinos in 2022 accept various cryptocurrencies for gambling, such as Bitcoin Bitcoin Cash, Ethereum Litecoin Dogecoin Monero Dash Ripple, and Zcash. Maybe you’ve even been targeted by one of their ads recently!
So, you may be wondering, where does TRX fall into all the above?
In summary, despite being a relatively obscure cryptocurrency, TRX is generating positive attention within the blockchain community and gaining momentum.
How Does TRON Work?
If you’re unfamiliar with this cryptocurrency, not to worry! We're here to explain.
TRON's objective is to establish a blockchain-based protocol that can accelerate cryptocurrency transactions to mainstream adoption levels. The protocol's primary aim is to decentralize the dissemination of content and entertainment. This is why TRON has gained immense popularity in the gaming sector and subsequently, in the online casino industry. The key factor behind this widespread acceptance is the protocol's ability to provide swifter transfer speeds.
THINK OF IT THIS WAY
If you post on Youtube or any other centralised streaming platform, your content will be controlled by a single entity and you have to abide by its terms and conditions. That also means it can be taken down at any time.
However, because TRON provides an open-source platform, thanks to the blockchain technology, gaming enthusiasts can create their own decentralized projects. And, you’re guessed it, that also includes the very best TRON casinos!
Although it's still a fairly new cryptocurrency, only launched in 2017, TRON/TRX has managed to climb up the ranks significantly. Today, it sits at #29 on the CoinMarketCap, with a total marketcap of $6,949,290,999.
How to Use Tron
TRON has a limited circulating supply of 100 billion tokens, with only 71.6 still left in circulation for people to buy or earn.
As you might have learned in a typical economics course, scarcity is the catalyst for generating demand and value. This principle also underpins the worth of gold, where a higher quantity of TRON tokens held in staking or other protocols amplifies its value.
To use TRON’s native token, known as TRONIX (or TRX for short), you need to purchase it from an exchange and store it in a safe wallet.
Gambling With TRX Casinos
If the technicalities above scared you off, you’ll be pleased to learn gambling with crypto is really not that different from the old-fashioned way, we promise you!
Gambling at the best TRX casino only requires learning one or two additional things and it’s very similar to using more standardised payment options, such as card payments, bank transfers, and casino e-wallets.
Furthermore, crypto-based gambling provides various advantages that hold significance for all bettors. For instance, TRON blockchain gambling guarantees an immersive gaming experience in real-time, devoid of any delay and with the added benefit of instant deposits and withdrawals.
As an added bonus, gambling with TRX on TRON casinos is provably fair. The nature of the blockchain beast means that the online casino isn't in control of the gameplay.
In other words, no one can temper with the game results or rig your chances in any way.
One of the greatest advantages of using TRX for gambling is the implementation of transparent RNGs (Random Number Generators).
Is TRON Gambling Anonymous?
Tron casino reviews often get this one wrong. Although we’d love to tell you the opposite, this is a common misconception – true anonymity can't be obtained, not even with blockchain transactions, but TRON does get you pretty close with pseudonymous transactions.
All transactions on TRON’s blockchain don't share private data with any third parties.
Yes, you’ve read that right – that means you can keep your gambling separate from other activities and not risk having your account blocked, as some less gambling-friendly banks do.
Remember that all blockchains keep track of the transactions, so if there's any suspicion of fraud, they can be traced back to you.
That being said, TRON gambling is significantly more private than credit card gambling. You don’t need to provide an ID or pass any KYC check to start playing on decentralized TRON casino sites.
However, do keep in mind that regular online casinos that accept TRON deposits will still require both KYC (Know Your Customer) and AML (Anti Money Laundering) checks to comply with gambling legislation.
Is TRON Secure?
The blockchain technology provides cryptocurrencies with extended security and that also applies to TRON.
TO PAINT A CLEARER PICTURE, HERE’S HOW IT WORKS -
Transactions on the blockchain are documented into ‘blocks’ and time-stamped. That creates what is called a public digital ledger – every wallet and transaction can be verified at any time, as all data is transparent and visible to anyone.
That will also make it extra hard for hackers to get their hands on your cryptocurrency!
Still, we highly recommend taking extra precautions as well – always use two-factor authentication via SMS code or Google’s trusted authenticator tool.
While TRON is secure, it's not completely unhackable. Several cryptocurrency startups have been hit heavily by hackers in the past. Examples include the 2018 Coincheck hack that pinched $534 million, and BitGrail for $195 million.
The bottom line is that TRX and its blockchain are not the ones hacked in most instances, it’s the exchanges. To avoid that and keep your funds secure, our advice is to move your TRX tokens off exchanges and into your wallet, where you control the private keys.
Are TRON Online Casinos Legal?
If you live in a country that bans any and all cryptocurrency activities, including gambling, such as Algeria Bolivia Morocco Nepal Pakistan Vietnam, and so on, then you won’t be able to sign up for a TRON casino platform, and, by extension, they can’t function legally in your region.
However, if cryptocoin casinos are allowed where you live, you'll have no problem signing up. Most casinos that accept TRON deposits are legal and well-established on the market, such as FortuneJack and Bitcasino.io.
That being said, there are some that operate illegally, which we'd advise steering clear of. It’s always best to check out player reviews, licences, games, and security aspects before registering.
How to Choose a TRON Casino
So, all of the above convinced you and you’re ready to gamble with TRON – congrats!
Here’s what to keep in mind to make sure you enjoy a smooth and safe gaming experience:
- Check Licensing: A good TRX casino will be licensed by a reputable regulatory body such as the Malta Gaming Authority (MGA), Curaçao, or the UK Gambling Commission (UKGC).
- Look for Provably Fair Games: The hallmark of every transparent operator is that they display the odds of their every game and/or explain how true fairness is ensured on the blockchain via cryptography.
- Look for Low House Edge: Most TRX casinos offer a very low house edge on roulette or blackjack.
- Check the List of Software Providers: If you want to play TRON slots, look for well-established software suppliers, such as Playtech or Micrograming, so you know their games are audited and have good RTP scores.
Depositing & Withdrawing at a TRON Casino
The check wether a site supports casino Tron betting, you should head over to the banking section and verify it (unless you're playing at one of our pre-verified casinos above!) Follow our easy-to-use guide and you’ll be rocking the reels and dominating the dice in no time!
TRON CASINO TRANSACTIONS
Step 1: Choose a Trusted TRON Casino
All TRON casino sites listed on this page are fully legitimate and 100% trustworthy. You can play away knowing your funds are completely safe. Still, be sure to use your intuition. If an offer seems too good to be true or the site looks a bit dodgy, it probably is.
Step 2: Open an Account at a TRON Casino
Signing up with your online TRON casino of choice only takes a few minutes – you only need to share some personal data, such as email address or phone number, so the operator can verify you are indeed a real human and minimise threats like DDoS attacks.
Step 3: Deposit TRX Coins
TRON casinos typically offer players the convenience of purchasing TRX directly on their platform or depositing funds from their existing TRX balance. In either case, the deposit process is quick and immediate.
Step 4: Withdrawing TRX Coins
It’s as simple as depositing with TRX – simply hit the “Withdraw” button and your TRX will be securely transferred to your TRX wallet.
There exist various options to securely store your TRX tokens, depending on the number of tokens you possess. These include mobile wallets, hardware wallets, and custodial wallets.
Mobile wallets are the best choice for users who have a small number of coins. You can find the official TRON Wallet on the App Store and Google Play. If you're using a desktop device, other wallet options include Guarda and Atomic.
If you want complete privacy and control over your keys, your best bet is a hardware wallet like Trezor or Ledger Nano, as your crypto will be held offline.
If you're new to the crypto scene, you should know that the more large exchanges list a token or a crypto, the more valuable and trustworthy it becomes.
Large exchanges don’t want to associate themselves with a potential ghost coin or project that's doomed to fail.
Excellent news for TRON enthusiasts as it has been included in the roster of the biggest exchanges worldwide! Whether you prefer using FIAT or exchanging your existing cryptocurrency, you can acquire TRX tokens through Binance, Bancor, Poloniex, Bitfinex or KuCoin.
How To Buy TRON Tokens for Gambling from an Exchange
Trusted exchanges such as the ones listed above allow you to buy TRX tokens in just a few minutes.
We promise it’s not complicated at all, so we’ll walk you through what you need to do:
How To Buy TRON Tokens for Gambling from an Exchange
- Sign-up to an exchange that allows TRON trading (e.g. Binance)
- Verify your personal identity (KYC)
- You can deposit funds into your account using a variety of cryptocurrencies or fiat currencies, such as USD or EUR, by either performing a bank transfer or using your debit or credit card.
- Buy TRON tokens using your cash or crypto balance!
TRON Dapps & Games
You probably heard that Dapps are all the rage in 2022…
If you have no idea what they are, here’s a short explanation – decentralised applications, also known as Dapps, are mobile-based gambling and gaming apps that run on blockchains.
Some of the best TRON Dapp games include:
- Torpedo LAUNCH
TRON Casino Games
When gambling at TRON casinos, you don’t have to sacrifice any aspect of the experience, quite the opposite!
You will find the same games you’re accustomed to from a regular casino, and more! Here’s a full breakdown of what you can expect:
TRON Casino Games
Real Money Roulette
Lottery or Lottery-Style Games
A reputable TRON casino also works with prestigious software providers, such as NetEnt, Evolution Gaming, and Novomatic.
Crash gambling is a popular crypto game where players guess the best time to cash out their bet before the increasing multiplier ‘crashes'. You can play crash gambling game uk for free on Top10-CasinoSites.
TRON Casinos' Popularity
While Bitcoin and Ethereum casinos are the preferred choice for most enthusiasts of crypto gambling, recent statistics indicate that the number of TRON casino sites is increasing.
User interest around TRX gambling is also increasing – you’re here reading these lines right now, after all, right?
But, you may be wondering, why are TRON casinos so popular in 2022?
There are many possible explanations, such as TRON’s superior transfer speeds that make deposits and withdrawals very convenient for players.
Additionally, individuals opting for a TRON based online casino or Dapp can rest assured that the utilization of blockchain technology guarantees a fair and level playing field for all participants. As a result, common fears regarding manipulated games among gamblers are alleviated.
Lastly, because TRX casinos usually offer games users can’t find anywhere else, they're more likely to register with them.
TRON Casino Bonuses
TRON casinos frequently offer enticing welcome bonuses to attract players, including matched deposit bonuses, additional crypto credit in currencies like BTC and LTC, and free spins on popular TRON slot games.
Always remember to check the T&Cs for cash out limits, wagering requirements, and time limits.
The Difference Between TRON Online Casinos & Regular Online Casinos
Same as other crypto casinos, TRON offers enhanced security to its users and increased privacy. For example, if your TRON wallet is already connected to a casino, you don’t even have to choose a username.
TRON casinos differ from regular online casinos primarily in the types of games they provide. While regular online casinos offer a wide range of games across various categories, TRON casinos are predominantly focused on slots and dice games.
One last key aspect to note is that TRON casinos allow users to earn dividends or TRC-20 tokens.
Yes, you’ve got it right, same as the stock market!
Is there any harm in receiving an additional advantage while playing casino games like TRON slots?
TRON vs. Bitcoin
How does TRON compare to the king of all cryptos, you may wonder?
We’ll keep it short and simple – both are blockchain-based, decentralised platforms.
However, what differs between them are the network capabilities, transfer speed and fees.
Bitcoin can only handle 6 transactions per second, while Ethereum can handle 25. TRON, on the other hand, has the ability to process up to 2000 transactions per second 24/7.
A block is created every 3 seconds on the TRON network, making speed one of its main selling points. The fees are also negligible, which gives it another advantage over Bitcoin and especially Ethereum’s high gas fees.
Pros & Cons of Using TRON for Gambling
TRON casinos are revolutionizing the market by returning power to users through a decentralized platform. With provably fair games, instant deposits, a low house edge, exclusive games, and bonuses, TRON casinos are disrupting the traditional casino model.
However, because they are still rather new to the market, TRON casinos have a few downsides, too. Let's take a look at these pros and cons:
- Enhanced security
- Increased anonymity
- Quicker sign-up process
- Created by a strong team of developers
- TRON can support up to 2000 transactions
- Often cited as being overly centralised
- Only 15% of issued coins are available for private investment
- Recent research shows there could be a few tech insecurities that are currently being patched
You're armed with the knowledge: are Tron online casinos for you?
We hope our article has given you a better understanding of Tron and how it fits into the crypto and casino spaces.
Now it's up to you!
Scroll up and check out our recommendation for the best Tron online casino 2023 to see if any fit the bill to be your next favourite online crypto casino!
TRON Casinos FAQs
What is the TRON blockchain?
Founded in 2017 by Chinese entrepreneur Justin Sun, the TRON blockchain functions similarly to every other blockchain. Maintained by the TRON Foundation, the TRON protocol distributes computing resources equally among TRX users with internal pricing mechanisms.
Why is TRON more secure than traditional payment methods?
Have you ever forgotten your blockchain at a pub or misplaced it behind the sofa? This scenario is not limited to traditional payment methods like credit cards. However, the TRON blockchain offers an extra layer of security with the anonymity feature of cryptocurrencies.
Are there many untrustworthy TRON casinos?
Although not usually recognised by gaming authorities such as the UKGC and MGA, TRON casinos are generally on the level, much like a regular payments casino. Do some solid research and read reviews of different crypto casinos before depositing any of your valuable TRX.
Why should I choose TRX over Bitcoin?
Many experts forecast that TRX is an all-round better investment than Bitcoin. According to the specialists at Coin Liker, TRON is an excellent cryptocurrency with superb potential.
Can my TRX be stolen?
Yes, but the possibility is unlikely. As we mentioned before, you’re probably more likely to be a victim of fraud via more vulnerable payment systems such as credit and debit cards, and even e-wallets.
Is Tron better than Ethereum?
That depends on how you define better – if we go by marketcap and network effect, Ethereum is significantly outperfoming TRON. However, TRON might be better for certain purposes, such as content sharing and gaming.
What does TRX coin do?
The TRX coin is the native token of the TRON blockchain. You need it to access particular features of the network.